SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Gold Price Monitor
GDXJ 127.15+0.4%Jan 15 4:00 PM EST

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Hugh A who wrote (91765)12/14/2002 3:19:06 AM
From: E. Charters  Read Replies (1) of 116857
 
J.M. Hurst was of the opinion that important world events do not effect commodity or stock prices! (1970 The Profit Magic of Stock Transaction Timing)

"The relative independence of stock price fluctuations from random and historical events, pkust the periodic and common nature of the cyclic components permit the timing analysis on a purely "technical basis.""


"The lack of relationship between cyclicity and historical events is clear-cut."

"There may be a link between GNP and non-cyclic price action in the market".

****************

I don't think Hurst meant that ALL government doings did not affect markets, just that a War in Iraq is not directly related to the stock market, or gold price per se. This is arguable I would say. In that it affects energy, oil price and economic policy it may have a bearing.

************
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext